Iraqi Dinar Guru opinions 5-31-17
Iraqi Dinar Guru opinions 5-31-17
5-31-2017 Newshound/Intel Guru BGG “Our economy is space. Monetary policy is an example” The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS! …for those pouting about not being rich yet – this is one more log on the FIRE! What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain. Quotes: “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar…” “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…” BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday. Cannot be anymore direct.
5-31-2017 Intel Guru Bruce I think the fact it is pretty quiet overall is a good thing. Some sources we had in the past have gone dark. A lot of things have happened very positively to move this thing along. We do know what has happened in Iraq they have had some rate changes in country. Still looking for an international announcement about the RV of the currency, and the fact they are truly sovereign as a nation and have their complete sovereignty back. The take back of Mosul has been accomplished for some time, but it is just coming out the last couple of days in main stream news. Infrastructure projects in Iraq to keep going and moving. They laid brand new electrical cable in Mosul, new fiber optics, new links in all the banks, all connected and working, ATM machines are up and running. Throughout the country all are ready.
5-31-2017 Intel Guru Bruce They are in Ramadan now and will set off the fireworks when the timing is right. Some of the parades did take place a few days ago. They are in the midst of the celebration, but not full bloom as much as they will be as soon as the announcement is let out and the budget is put in the Gazette finally with the visible. My understating is our Secretary of the Treasury was supposed to make a phone call to PM Abadi this morning [Tuesday]. I don’t have confirmation that occurred, and I think it was going to be a congratulation call for the RV of the currency and the sovereignty and return of Mosul. We don’t know the exact rate on the screens. They were trading those currencies up to new levels. Everything is moving forward and you are moving forward with it. I know we are very close. Let’s pray we are at the end of this ride and we get to see this thing very shortly.
5-30-2017 Newshound/Intel Guru Mnt Goat “Iraq’s Central Bank to delete zeros from Iraqi currency.” Iraq’s Central Bank announced on Thursday that it is planning to delete the zeros from the Iraqi currency. Also remember that some the lower denoms are in FACT already launched. …the new rate can not come out too high since they are including the 500 and 250 notes as part of the lower denoms. The 25 and 100 are also included but not yet launched. They told us these notes will come when they get closer to any significant value change. So the target for the project to delete the zeros is so misunderstood. It only includes eliminating the very large 3 zero notes including the 25,000, 10,000, 5,000 notes. But they can not do this overnight. It is a gradual phasing out over 10 years. In fact they are moving ahead with the project right now… The electronic banking, use of the key cards, etc…are all efforts to limit and shrink the money supply. With electronic banking the CBI is no longer reissuing and recirculating billions of these 3 zero notes, since it is now all digital. This is all indications and tell us of the project to delete the zeros is fully underway.
5-30-2017 Newshound/Intel Guru Mnt Goat The CBI will allow the 25,000, 10,000 and 5,000 to coincide in the economy for up to 10 years but in VERY limited quantities. These will used more for inter-banking transactions at this point. Some also consider the 1000 dinar note to be a candidate for this category and will remain as part of the new currency category going forward after RV. As the economy grows and the value of the dinar rises the necessity rises for the CBI to then launch the 10, 5, and 1 Dinar notes and maybe some other Fils over time, as needed. Just remember this is a SLOW process and they must build their economy to meet this trend. The economy is growing and as the government moves more and more of the funding to reconstruction away from fighting ISIS we can expect it to grow exponentially over the next couple years. So as the economy grows so will the value of their currency. Some say the currency value will rise very suddenly, as investors flock into Iraq. Well we have to wait and see what happens.
5-30-2017 Intel Guru RayRen98 PM Abadi is in Mosul for an in-person view of the liberated locations. Iraqi TV (stateside) talks of preparations for celebrations projecting final completion for June 10, 2017. The IMF is expected to meet with the CBI on Wednesday. Leaflets are reportedly being being dropped in ISIS inhabited areas encouraging the citizens to evacuate. Full liberation is expected in one week. Bankers in Dubai are also hooked on seven days. Time Will Tell All.
5-30-2017 Intel Gurus Delta and Frank26 CBI…UNUSUAL…ACT…TUES. MAYBE…RED [RED ALERT?]. [CBA (CBI?) is trying to finish all auctions very quickly before the end of the week.] That would be great…Then they can use them only as and when needed. This mechanism is also being well Controlled. Lets see if they reach this goal by Sunday.
5-30-2017 Newshound Guru Kaperoni The important thing to realize…is that currency (in this case the dinar) is directly related to the success or growth of the economy. There are no overnight events… The IMF has made it very clear that the path for the dinar will be a float or gradual appreciation of the dinar based on the growth of the market economy. This is known as the Balassa-Samuelson effect… In order for the dinar to appreciate in value, Iraq needs to create the conditions that allow investors to come in and invest, participate in the economic resurgence of Iraq. When that happens, we will see the dinar appreciate. There are no shortcuts.
5-30-2017 Newshound Guru tman23 Liberation is a matter of an announcement and appears Abadi wants to make a national announcement in regards to “the event” !!! As posted last week……Friday was new moon…….in the complete darkness the assault begins putting the enemy at a huge disadvantage……..we expected it to be done at the latest -Tuesday…Military commanders under Maliki’s hand like to upstage Abadi……….. The announcement from Abadi will show power and authority……..and hopefully he can offer Iraq a vision with something tangible……… So without a single doubt there is a timing strategy to the final announcement to Mosul..
5-30-2017 Newshound/Intel Guru Mnt Goat Lots of VERY GOOD news from the CBI today about the banking practices and the new laws about to be implemented. It is all in our favor and shows us that Iraq is now serious about fixing their economy and moving to full international status. Remember I keep telling you my contact in the CBI tells me they “fully intend to keep the citizens informed of this process” to delete the zeros. They are doing just this now and fully intend to continue.